Decent results out today and a good divi 11p (not checked the cover yet though), has and should benefit from an up and down market.

Worth keeping an eye on perhaps, what do you think?

It is October - paid on 18th November.

Well spotted! Have corrected.

This is a good link for Ex dates

That's the one I use but am really only interested in anything paying over 3%.

Interim Management Statement
IG Group today issues the following Interim Management Statement for the period from 1 June 2014 to 16 September 2014. Unless otherwise stated, trends and figures highlighted below refer to the three months ended 31 August 2014 - the first quarter of the company's 2015 financial year - and the corresponding period last year.

Revenue in the first quarter was £85.6 million, 9% behind the same period in the prior year. The first three months of the company's year were particularly quiet in the financial markets, with volumes and volatility close to historic lows and the continuation of recent weakness in forex activity. The majority of the year-on-year difference occurred in June, which was unusually strong in the prior year.

Revenue was behind in all of the geographic regions, as the extremely quiet backdrop impacted performance. In the UK the 8% drop in active client numbers was partially offset by an increase in average revenue per client. In Australia revenue was 10% down on the prior year period, although flat against the fourth quarter of last year. In Europe, even with the relatively quiet market backdrop, active client numbers grew by 9%; however, this was more than offset by the fall in average revenue per client. In Rest of World, the continuation of weakness in the forex markets impacted Japan and Singapore, where revenue was down by around 30%; this was partially offset by strong year-on-year growth in South Africa.

In mid-September, IG launched its stockbroking offering in the UK and Ireland with a broad range of UK, US, German, Dutch and Irish equities, Exchange Traded Funds and a tax-free ISA account. Although this may take some time to build, it has a number of significant advantages against other offerings and is a major strategic development for IG. Also in September, the Swiss regulator issued the licence for IG's new sales office in Geneva and the company expects to begin trading there in the very near future.

Looking forward
The company will progress several initiatives through this year, as part of its long-term diversification strategy, with the aim being to make IG the default choice for active traders globally. It will continue to develop the stockbroking offering, including adding the ability for clients to use their equity assets as collateral against shorter-term leveraged trading, and commencing a targeted international roll-out. IG will also progress its licence application in Dubai. The company is also applying significant effort to enhancing and maximising its mobile offering across the globe and to developing and refining its web presence. By successfully executing on these initiatives the company believes it can deliver the next phase of its growth.

Today there will be a conference call for analysts and investors at 8.30am (UK time). The call can be accessed by dialling +44 20 3059 8125. A replay of the conference call will be available for a week after the event by dialling +44 121 260 4861 and using passcode 4913485#, and it will be archived for access at www.iggroup.com/investors.

The next planned performance announcement from IG is the H1 pre-close trading update, currently scheduled for 25 November 2014.

Doing me well at the mo:

25 November 2014

IG GROUP HOLDINGS PLC
Pre Close Trading Update



IG Group, a global leader in online trading, today issues the following Trading Update for the second quarter of the financial year ending 31 May 2015, ahead of entering its close period on 1 December 2014.



In contrast to the subdued first quarter of this year, client activity levels increased significantly in the second quarter, particularly in October, as the financial markets presented considerably more trading opportunities. The company performed very well over this period and will achieve quarterly revenue ahead of its previous highest quarter at the end of the 2013 year. This will place IG in a robust position as it enters the second half of the financial year.

Today management will be available on a conference call for institutional investors and analysts at 8.30am (UK time). The call can be accessed by dialling +44 (0)20 3059 8125. A replay of the conference call will be available for a period of seven days after the event by dialling +44 (0)121 260 4861 and using the confirmation code 5781076#, and it will be archived for access at www.iggroup.com.

Plus 25p today...... going well

Nice chart Balerboy - I wonder if you can short them on their own platform :-)

What goes up gotta come down but ......how far.,.

Chickened out and sold up at 674, nice profit for now.,.

StockMarketWire.com
IG Group Holdings has issued a statement on the exceptional announcement by the Swiss National Bank, which resulted in a sudden and extreme movement in the value of the Swiss franc.

IG says the precise level of the impact will be partially dependent on the company's ability to recover client debts, but in total it will not exceed £30m, from market and credit exposure.

The market exposure occurred where client positions were closed at a more beneficial level than the company was able to close its entire corresponding hedge due to the market dislocation.

This occurs against the backdrop of very strong recent and current performance and IG's extremely robust financial position.

As scheduled, on 20 January, IG will present its results for the first six months of the 2015 year, and will provide an update on progress on its strategic initiatives.

I almost feel sorry for them..................

StockMarketWire.com
IG Group Holdings reports strong first half results despite a very subdued first quarter.

Net trading revenue for the six months to the end of November was up 8% at £197.4m and profit before tax rose by 2.8% to £101.4m.

Chief executive Tim Howkins said: "IG delivered another very strong set of results, with record revenue in the half year after a subdued first quarter. We also made good progress with our ongoing investment in strategic initiatives designed to drive future growth, including the launch of stockbroking in the UK and the opening of a new office in Switzerland.

"In November we celebrated IG's 40th anniversary. It was a great pleasure to be joined in those celebrations by a number of clients who have been active with us for a large portion of those 40 years. In what has recently become a very challenging time for the industry, IG's strong financial position and commitment to service should provide both existing and new clients with reassurance that we remain the number one trading partner.

"I believe that the initiatives we are embarked upon provide clear evidence that, after 40 years, our ambition to drive forward and develop the business is as strong as it has ever been."

StockMarketWire.com
Online trading company IG Group's third quarter revenues fell by 5.1% to £91.8m after the Swiss National Bank decided to remove the ceiling for the Swiss franc against the euro in January.

But it says that excluding this, underlying revenue rose 7.1% to £103.6m.

IG said the sudden Swiss franc movement also resulted in client debts of £18.4m. It says that while half of the debtor accounts have now been settled, this relates to only a small proportion of the original £18.4m and the majority of remaining debtors may not be in a financial position to clear their debt in full.

Revenue in the UK and Australia was ahead by almost 9% and 16% respectively, primarily due to strong growth in average revenue per client, but with both regions also posting their second consecutive quarter of year-on-year growth in client numbers.

In Europe revenue was behind by just over 3%, as the strong year-on-year increase in client numbers was more than offset by a fall in average revenue per client. In Rest of World, revenue was ahead by 9%, with growth in all countries. Active clients numbers were ahead by 13%, with particular strength in the US and South Africa.

The group's execution-only stockbroking business, which was launched in the UK in the second quarter, continued to grow well. At the end of February, IG had over 2,600 funded stockbroking accounts, of which around 70% are clients new to IG.

StockMarketWire.com
IG Group remains on track to deliver against full year financial expectations, a pre-close trading update for the year ending 31 May says.

IG says that importantly it also made good strategic progress over the period, extending its stockbroking offering into the Netherlands and receiving approval in-principle of its regulatory licence in Dubai towards the end of May, which should enable full authorisation and the opening of its office there in the coming weeks.

Liberum note today:
"IG has built an enviable market position in spread betting and CFD trading. However, we consider it to be a mature business that is struggling to grow in a meaningful fashion. Depending on your view, expansion into stockbroking could be considered proof of this, or a natural development of the franchise. Whatever the case, new initiatives are required to help drive the business forward. The agreement with Blackrock to sell ETF’s, announced this morning, is an indication that the business is exploring new ways to grow. We suspect this might contribute to a reduction in income per client.
Results broadly in-line
Results appear to be in-line with consensus. The impact of the Swiss franc debacle in Jan’15, resulted in a £12m hit to revenue and a £15m (net of recoveries) increase in bad debts. Consequently, PBT was -13% at £169.5m and EPS -11% at 36.0p. However, even on an underlying basis (excluding impact of Swiss Franc), Adj. PBT was -1% at £193.2m. The DPS was held at 28.15p. The DPS policy (payout ratio 70%) remains in place.
KPI’s illustrate the challenges
Active clients were +8% YoY, split 3% in H1 and 10% in H2. We suspect the stronger growth in H2 was partly driven by the increased volatility caused by the Swiss Franc move. Revenue per client for the year was flat. In the last few years, management has concentrated on increasing the value of clients, in the main by shedding lower value, uneconomic clients. The stabilization in the current year might indicate that process has run its course.
CEO retiring
After 16 years, Tim Howkins (CEO) has announced his retirement. We do not view this as cause for concern. His contribution, as CFO and CEO, has been invaluable during a period of strong expansion. We believe the growth outlook for the business is challenging and as such, the current valuation looks too rich. The stock trades on a FY16f PE of 18.9x, falling to 17.8x and yields 3.7%. Until we get more comfort on growth initiatives we retain the Hold recommendation."

StockMarketWire.com
IG Group's revenue in the first quarter was £106.0m, 24% ahead of the corresponding period last year, which was particularly subdued.

In what is traditionally a relatively quiet period for the business, the financial markets presented a range of trading opportunities for clients, responding to news flow, including around the Greek eurozone membership debate and the current state of the Chinese economy.

IGG says that although the performance was good in all months in the quarter, client activity levels were at their highest during the second half of August.

Looking ahead, the group says this strong start to the year positions the business well to deliver against full year expectations. However, it is impossible to predict the market conditions for the rest of the year and therefore too early to draw many conclusions.

IG has a clear strategy and will continue to execute against its priorities, which this financial year include rolling out the stockbroking offering to additional countries, launching ETF portfolios, delivering further improvements in the client conversion process and moving the mobile interface forward.

Barclays note today:
Revenue performance was strong, but active client growth is more eye catching. As often happens in more volatile markets, IG performed well in Q1 with revenue of £106m, growth of 24% vs the prior year. This is the company’s second best quarter ever. Growth was achieved against relatively easy comparatives, where Q1 FY15 revenue of £85.6m was just 21.3% of FY15 revenue (pre-SNB), vs the long term average of 22.5%. More impressive and much more relevant to the long term investment thesis is the growth in active clients in the quarter. Across the group this was +19% year on year, and +4.9% quarter on quarter. This strong growth will have partly been driven by the market volatility but we believe is also a reflection of the initiatives relating to digital marketing and the client conversion process. We believe most of the improvement in active clients from company led initiatives is via improved marketing rather than improved conversion rates. One factor that has dragged up active client growth is first trades, which have grown by 50% in Q1 vs the prior year. The company has made the clear caveat that first trades were growing through every quarter in FY15, helping the YoY growth rate, but this is encouraging nonetheless.
No change to FY forecasts: History shows that predicting the full year revenue or profit outcome for IG based on any one quarter is folly, but this is clearly a good start. To hit our FY16 revenue forecasts of £432m (Bloomberg consensus £425.5m), the company needs to deliver average quarterly revenue of £108.8m, growth of 3% vs Q1. When compared with the average quarterly revenue from Q2-Q4 FY15 of £100.1m, this would be an average year on year growth rate of 8.8%.
Yield attractions: Given the company has recently announced the retirement of the long standing CEO and the departure of the CFO to Hargreaves Lansdown, it is reassuring that the business has captured revenue as we would expect after a period of market volatility. If investors were concerned that management are leaving due to poor trading, there is nothing in this statement to suggest this is true. IG trades on a May-16 PE of 17.2x, slightly above its LT average rating of c15x and ignores the cash balance of c£100m. Given the re-rating of the wider market, this is a discount to the LT average PE Rel of 1.13x vs the current rating of 1.04x. The May-16 dividend yield of 4.1% continues to look attractive, and we retain our OW rating."

Pre Close Trading Update http://www.moneyam.com/action/news/showArticle?id=5163085

Interims http://www.moneyam.com/action/news/showArticle?id=5195494